Corient Private Wealth LLC Has $70.21 Million Holdings in Advanced Micro Devices, Inc. $AMD

Corient Private Wealth LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,781 shares of the semiconductor manufacturer’s stock after buying an additional 40,947 shares during the quarter. Corient Private Wealth LLC’s holdings in Advanced Micro Devices were worth $70,209,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Wise Wealth Partners bought a new stake in Advanced Micro Devices during the second quarter worth $343,000. Waterfront Wealth Inc. bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $1,145,000. Parisi Gray Wealth Management bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $343,000. Global Retirement Partners LLC acquired a new stake in Advanced Micro Devices in the 2nd quarter valued at about $4,519,000. Finally, Cornercap Investment Counsel Inc. grew its holdings in Advanced Micro Devices by 43.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after purchasing an additional 3,702 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 1.5%

Shares of Advanced Micro Devices stock opened at $207.58 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The firm has a 50-day moving average of $231.19 and a 200-day moving average of $180.70. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The stock has a market cap of $337.95 billion, a PE ratio of 102.76, a PEG ratio of 1.56 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The business had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period last year, the firm earned $0.92 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at $411,686,940.60. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 183,476 shares of company stock valued at $40,249,093 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMD shares. Raymond James Financial assumed coverage on Advanced Micro Devices in a research report on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price objective for the company. Roth Capital restated a “buy” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Susquehanna reaffirmed a “positive” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Finally, KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $278.54.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.